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LN10 ABC993791 08 Macro LN10
LN10 ABC993791 08 Macro LN10
LN10 ABC993791 08 Macro LN10
Classical Business
Cycle Analysis:
Market-Clearing
Macroeconomics
Chapter Outline
a 1 a
Y AK N
Y
(10.1) A a 1 a
K N
Source: Data from U.S. Census Bureau, Business Dynamic Statistics, www2.census.gov/ces/bds/firm/bds_
f_all_release.xls.
Sources: Authors’ calculations based on data from Bureau of Economic Analysis, National Income and Product Accounts, available
on-line at research.stlouisfed.org/fred2/series/PAYEMS.
• The equation
e (10.4)
Y Y b( P P )